FX.co ★ DAX on Negative Note

On Wednesday, Frankfurt's DAX index slipped to approximately 22,300, mirroring the trend seen across most European markets. This downturn came as traders anxiously anticipated the details of US President Donald Trump's forthcoming tariff plans. Reports indicate that a blanket 20% tariff on most imports is expected to be implemented immediately following Trump's announcement. Additionally, a 25% global tariff specifically targeting auto imports is slated to commence on April 3. Investors are concerned that these tariffs may trigger increased inflation and dampen economic growth. The majority of sectors experienced declines, with significant losses observed in the pharmaceutical, technology, and automobile industries.